Tag: Bitcoin

Cryptocurrency exchange Binance has unveiled a new platform in Australia that allows users to buy bitcoin with cash from high-street stores. Announcing the news on Tuesday, Binance said the new gateway, called Binance Lite Australia, is cash-to-bitcoin brokerage service accessible through a network of 1,300-plus supported newsagents across the country. The platform currently offers the option to buy only bitcoin using Australian dollars (AUD), but the exchange said it plans to support more cryptocurrencies and fiat options in the future. Once users have carried out an account verification processes, they…

Bitcoin price formed a strong support near the $3,940 level and climbed higher against the US Dollar. The price managed to clear the $3,965 and $3,980 resistance levels to move into a positive zone. Yesterday’s highlighted key bearish trend line was breached with resistance at $3,970 on the hourly chart of the BTC/USD pair (data feed from Kraken). The current price action is positive, but buyers need to gain strength above the $4,000 resistance. Bitcoin price started a slow and steady rise against the US Dollar. BTC is showing positive…

Avnet has become the latest major enterprise to begin accepting payment in bitcoin and other cryptocurrency. On March 19, 2019, the company announced that it will allow customers to pay for goods and services using bitcoin and bitcoin cash. Crypto payment processor BitPay will facilitate the transactions. Founded in 1921, Avnet is one of the oldest major American electronics companies. With more than 15,000 employees and net income north of $250 million, it’s also one of the country’s larger technology firms. Today, its business centers around helping to design and…

Emerging Market Rally To Aid Bitcoin For some reason or another, investor sentiment has begun to turn decidedly positive in the cryptocurrency market. Tom Lee, the co-founder and head of research at Fundstrat Global Advisors, added to this influx of hopium-laced messages through a piece of analysis he pushed to his Twitter following, many of which are embroiled in all things Bitcoin. Lee explained that from this perspective of his New York-based advisory outfit, emerging markets, whose value is captured through the MSCI Emerging Markets Index, pulled down BTC over…

Bitcoin price struggled to climb above the $3,990 and $4,000 resistance levels against the US Dollar. The price declined again and retested the key $3,940 support area and the 100 hourly SMA. There is a short term bearish trend line in place with resistance at $3,980 on the hourly chart of the BTC/USD pair (data feed from Kraken). Buyers might have the last chance for an upside break above the $4,000 resistance. Bitcoin price is holding an important support near $3,940 against the US Dollar. BTC is likely to make…

“The biggest problem I could think of was distribution. How do you share and educate both consumers and merchants on the power of bitcoin? I learned how much consumers loved earning and why merchants make decisions to adopt new technology.” Given his experience as an e-commerce professional, Alex Adelman, co-founder and CEO of Lolli, should know. After graduating from the University of North Carolina at Chapel Hill in 2011, the entrepreneur started Cosmic, an e-commerce gateway “with the idea to democratize commerce, allowing anyone to buy anything anywhere,” he told…

Last Friday, we discussed a macro resistance level bitcoin would likely test. The level was tested three times prior and immediately rejected. Now, for the fourth time, we find ourselves situated above the level as we wait to see if our support holds: Figure 1: BTC-USD, Daily Candles, Fourth Test of Macro Resistance The first three attempts to hold support above the black, broken resistance have been stifled with relatively high amounts of volume. However, something to note is that the three rejections of the overhead resistance have become weaker…

The chances of the bitcoin price reaching five figures within the next six months are growing slimmer by the day. Based on the current value of BTC options, cryptocurrency analysis firm Skew Markets has disclosed that the odds of bitcoin exceeding the $10,000 mark by September are now just 4.6 percent. Odds of bitcoin >10k by September = 4.6% What do you think? pic.twitter.com/5BVeRbETem — skew (@skew_markets) March 18, 2019 Additionally, the probability of bitcoin reaching slightly lower price targets are not that great either. For instance, the probability of…

Crypto Breaks 1Yr+ Downtrend Over recent weeks, the crypto market has embarked on a stellar rally. While some have described the price action as a “bull trap” or something of a similar nature, some evidence is pointing towards the fact that this market may be on the verge of a long-term rally, or at least a long bout of sideways movement underscored by a bullish trendline. The fact that Bitcoin (BTC) recently surpassed $4,000 has only somewhat cemented this theory. Nik Patel, a popular content creator in this space, recently…

In recent months, the substantial increase in the daily volume of bitcoin and the rest of the cryptocurrency market has led analysts to suggest that the overall trading activity in the market is rising. While some stated that the minimal impact on the bitcoin price despite the large movements of alternative cryptocurrencies show a small inflow of capital into the crypto market, the general sentiment regarding the asset class has improved. Join CCN for $9.99 per month and get an ad-free version of CCN including discounts for future events and…

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